Tag: economy

Germany’s Fakt AG is to embark on a one billion euro investment project in western Hungary to create Europe’s most advanced horticultural production processing and logistics centre in Hegyeshalom/Bezenye....

Finland has consolidated its hold on first place, ahead of an also-rising Denmark in second place, in the United Nations 7th World Happiness Report published on Wednesday. Hungary stepped forward two places...

In view of the remarks made by Takarékbank Chairman-CEO József Vida, it has become more likely that Takarék Group will also make a bid for Budapest Bank, the privatisation of which needs to be negotiated...

The European Commission has on Tuesday adopted work programmes to co-finance joint defence industrial projects in 2019-2020 worth up to 500 million euros. A further EUR 25 million have been earmarked to...

Hungary’s Prime Minister Viktor Orbán has had talks with U.S. senators in Budapest on Tuesday about bilateral security policy and economic co-operation and the energy supply of Hungary and the Central...

Further tens of billions of forints were withdrawn from Hungarian money market funds in February 2019 due to an EU rule tightening coming into effect that month. Absolute Return funds have also failed...

Hungarian oil and gas group Mol is to lower the wholesale list price of diesel by HUF 3 per litre on Wednesday, while it will not change the price of the 95-octane gasoline. The average price of diesel...

No significant macroeconomic release is expected to be released in Hungary this week, while the Federal Reserve in the United States is set to hold a policy meeting that could have an impact on the global...

Manfred Weber, the European People’s Party (EPP) candidate for European Commission President, said his meeting with Hungarian Prime Minster Viktor Orbán in Budapest on Tuesday was constructive. That...

The ratio of loans overdue by more than 90 days has dropped to 4.5% in the Hungarian banking sector by the end of 2018, which is the lowest reading since early 2009, data by the central bank (MNB) showed...

Hungary’s construction output increased by 9.8% month on month in January 2019, according to data adjusted seasonally and for working days, the Central Statistical Office (KSH) reported on Thursday....

Hungary is competing for 18 large potential investment projects by German companies operating mainly in the automotive and services centre sectors, said Minister of Foreign Affairs and Trade Péter Szijjártó....